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Jan 31, 2013
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corporate tax system. it's very dysfunctional, and it retards investment and investment, in turn, is what creates gdp growth and jobs. >> yet we were going to do that i think. i think simpson-bowles told us to do that. do you know where we are in that, andrew we've talked about it a few times. where are we on the -- >> nowhere. nowhere. we're nowhere. >> wee nowhere on the tax -- once we got that 39.6 on the high end, we're not even talking about taxes anymore. right? it's like -- i don't know what happened to all the other recommendations of simpson-bowles. but, do you think that we will talk about them again at some point? >> well, i think we'll talk about them. the president came to the business roundtable not long ago, and stated unequivocally, he's for corporate tax reform. including a lower rate and a modified territorial system. the secretary of the treasury has said that. >> the new one or the old one? >> well, i don't know about jack lew, but i know timothy geithner was in favor of it. >> okay. >>
corporate tax system. it's very dysfunctional, and it retards investment and investment, in turn, is what creates gdp growth and jobs. >> yet we were going to do that i think. i think simpson-bowles told us to do that. do you know where we are in that, andrew we've talked about it a few times. where are we on the -- >> nowhere. nowhere. we're nowhere. >> wee nowhere on the tax -- once we got that 39.6 on the high end, we're not even talking about taxes anymore. right? it's...
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Feb 1, 2013
02/13
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tax situation we have? i guess that would be a passive, right? and probably at least acknowledging, if the democrats would acknowledge that entitlements are a problem, maybe that would help, right, even if you don't do it immediately? >> so here's the good news. good news is we're so far inside best practices for delivering fiscal policy there's lots of things that we can do to get us to a better position. republicans have to recognize you have to raise the average tax rate. democrats have to recognize the best way to do it isn't raising marginal rates and underwriting an inefficient system. >> as someone who spent last week at davos and he said that he talked to a large number of european ceos who are eager about investing in the united states because of our projected suspensionly lower energy policy because of shell of course we're going to get out of our way and saying let them do it. but that's encouraging that they can think about moving plants here now. >> absolutely. i was at davos, too, and the most
tax situation we have? i guess that would be a passive, right? and probably at least acknowledging, if the democrats would acknowledge that entitlements are a problem, maybe that would help, right, even if you don't do it immediately? >> so here's the good news. good news is we're so far inside best practices for delivering fiscal policy there's lots of things that we can do to get us to a better position. republicans have to recognize you have to raise the average tax rate. democrats...
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Jan 30, 2013
01/13
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>> the tax issue. >> the tax issue -- >> the -- the sales -- online sales tax. >> california and texas were hit this quarter. it could have played a role and probably did because u.s. revenues were lighter than international. i think for the most part there's a tradeoff. i think as they don't have to worry about violating the statute which is the no presence. and when they go down the path of actually charging sales taxes, that does mean they can actually move closer to the consumers, build some of the fulfillment centers there and offer some of the amazon conveniences. >> and i think amazon is actually behind some sort of a compromise that would bring you revenue on a per state basis at least. >> right. it is going to affect the bottom line ultimately. >> it -- i think so. i think that there's a lot of areas in investment i think for amazon below the gross profit line. i think we focus a lot, investors focus a lot on that story. but i think when you think about the investments that they're doing on their web services side, all the dna that gets associated with that, that is -- you kno
>> the tax issue. >> the tax issue -- >> the -- the sales -- online sales tax. >> california and texas were hit this quarter. it could have played a role and probably did because u.s. revenues were lighter than international. i think for the most part there's a tradeoff. i think as they don't have to worry about violating the statute which is the no presence. and when they go down the path of actually charging sales taxes, that does mean they can actually move closer to...
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Jan 25, 2013
01/13
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that was taken, as it should have been, to mean higher taxes. didn't mean just higher taxes. it meant higher taxes and less spending and i was specific about that. my ear is attuned for hearing more cuts in spending. i am not hearing it. i would be disappointed if this is all there was. as far as a deal was concerned, i think that that was a stopgap, and i think it was presented like that -- as that. as part of a series of more negotiations that were to follow and more changes, both possibly on the taxing side but certainly on the expenditure side. i'm dying to hear the -- to hear the expenditure and less spending side. i agree with that. but i'm not -- i'm not -- i wouldn't use the term disappointed until this whole process is over. i don't think we're in the -- i don't think we're in the seventh inning of this process. >> yeah. >> because at this point, we're -- >> at this point we're at, you know, simpson-bowles and rivlin domenici and the gang of all of these the idea was to get rid of a lot of the deductions and loopholes, so that you could broaden the base with a lower
that was taken, as it should have been, to mean higher taxes. didn't mean just higher taxes. it meant higher taxes and less spending and i was specific about that. my ear is attuned for hearing more cuts in spending. i am not hearing it. i would be disappointed if this is all there was. as far as a deal was concerned, i think that that was a stopgap, and i think it was presented like that -- as that. as part of a series of more negotiations that were to follow and more changes, both possibly on...
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Jan 24, 2013
01/13
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avoidance, sort of global tax avoidance issue? >> no, i did not. i'll stay quiet on that one. >> the other big topic here, energy. >> yes. >> and in particular, the u.s. energy situation, shale, fracking, et cetera, you bullish, you bearish, where do you think we really are? i mean people have prognosticated for now awhile that we were going to get there but doesn't seem like we're there. >> andrew, i think it is the bull case for the world. so to answer your question, i'm billish. and i think it's a game changer. and i think it is probably the story of global economic recovery if handled right. and frankly, the beneficiaries of that will be the u.s. consumer. u.s. jobs. i mean just in the downstream value added industries which i'm a part of $96 billion of investment already announced. 5 million new jobs over the next five years. huge value adder to a low-cost energy base. >> i don't know if you saw the president's inauguration speech. >> i caught part of it. >> do you feel that this administration, and forget about the administr
avoidance, sort of global tax avoidance issue? >> no, i did not. i'll stay quiet on that one. >> the other big topic here, energy. >> yes. >> and in particular, the u.s. energy situation, shale, fracking, et cetera, you bullish, you bearish, where do you think we really are? i mean people have prognosticated for now awhile that we were going to get there but doesn't seem like we're there. >> andrew, i think it is the bull case for the world. so to answer your...